Is Belle Mead, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
Since last year, Belle Mead has remained a Seller's Market.
Key Takeaway
Belle Mead is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Belle Mead, NJ cost?
Median Sold Price
$880,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
+$119,000(+15.6%)
Key Takeaway
Homes in Belle Mead have sold for 15.6% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $226K | $224.2K | -0.8% |
| 2 Bedrooms | $349K | $416K | +19.2% |
| 3 Bedrooms | $503K | $513.5K | +2.1% |
| 4 Bedrooms | $770K | $895K | +16.2% |
| 5+ Bedrooms | $870K | $1.0M | +17.8% |
Median Sold Price Compared To Nearby Cities
| Franklin Township | $370K | $429.9K | +16.2% |
| Belle Mead | $761K | $880K | +15.6% |
| Montgomery Township | $729.3K | $814.3K | +11.6% |
| Skillman | $803K | $895K | +11.5% |
| Hillsborough | $465.3K | $471K | +1.2% |
How many homes are available in Belle Mead, NJ?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 26 | 25 | -3.8% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 3 | 11 | +266.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Belle Mead, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 34 Days | 27 Days | -21.1% |
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Belle Mead are selling fast, if you're buying plan to act quickly.
Information deemed reliable but not guaranteed. Copyright © 2023 Garden State Multiple Listing Service, L.L.C. All rights reserved. 
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